3SOF

Quote from: buddjas1 on April 29, 2008, 01:53:03 PM
My exit strategy is to sell for a 10% gain in 10 days or so. 

ESEA is channeling up and there is no point selling here.

This situation prompts me to express my Rule #3--never sell for a loss.

PAL was an exception because I had no business buying it in the first place.  (I got cocky buying stock in a compay that loses money every quarter.)

ESEA is a greatly undervalued stock, with a great and growing EPS.

Nice mention today:

http://biz.yahoo.com/tm/080429/17166.html?.v=1

With a little patience, I am actually 2% green (including commission) with ESEA.  We'll see what happens at 16 at the top of the range; a break-through will be powerful, otherwise I will sell.  Mental stop loss in at 15.2 or so (the breakeven point).

Bingo.

Total perfomance after 11 weeks
Me = $463.63 to $700.14; +51.01%
Dow = 12,264 to 12,969; +5.75%

ESEA has broken out of its range (a rising wedge, by the way) to the upside and will test its highs of 20 or so.  BDI is at an all-time high.  ESEA should trade at 40+.

Sold 41 ESEA @16.50.   

Bought 163 GSIT @4.09.   

GSIT; up on earnings.  Taking a short term risk that the gap will not fill.  We'll see.  I like the heavy buys today, confirming a candlestick buy signal.  http://www.americanbulls.com/StockPage.asp?CompanyTicker=GSIT&MarketTicker=NASD&TYP=S

Needham raised to buy from hold on May 9.  http://finance.yahoo.com/q/ud?s=GSIT

Looking good on an otherwise bad day.

GSIT EPS $0.11

Should be an $8 stock.  Up to $4.35 AH

http://biz.yahoo.com/bw/080731/20080731006073.html?.v=1

Let's see what tomorrow brings.